Bank of America predicts low trading activity and less participation from individual investors in the crypto market. According to a recent report by Bank of America (BAC), the potential for significant growth in cryptocurrency markets is limited in the near future. In simpler terms, analysts Alkesh Shah and Andrew Moss from Bank of America (BAC)…
Cryptocurrency exchange Bitget Obtains Licensing in Lithuania for its Operations. Cryptocurrency exchange Bitget is now officially registered as a virtual asset service provider (VASP) in Poland, according to an announcement made on May 23. This regulatory license permits Bitget to conduct its operations within the Polish market in compliance with the law. Earlier in April,…
Warning: Beware of Fake Job Ads Targeting Crypto Enthusiasts – Scammers Tricking Job Seekers into Participating in Cryptocurrency Fraud FBI Warns of Scam Crypto Job Ad Targeting US Citizens – Beware of Fraudulent Employment Offers. Beware of Fake Crypto Job Ads Targeting US Citizens, Warns FBI – Stay Alert to Avoid Deceptive Employment Offers. On May…
South Korea’s biggest cryptocurrency exchange, Upbit, has lifted its warning and now permits trading for these alternative cryptocurrencies. Good news for investors in KAVA and WAVES on Upbit, South Korea’s largest cryptocurrency exchange. Upbit, a popular cryptocurrency exchange in South Korea, has lifted its warnings for altcoins KAVA and WAVES. Upbit, along with other South…
The newly appointed CEO of FTX has been having several meetings in the past month to revive the unsuccessful cryptocurrency exchange. They are actively participating in a bidding process to relaunch the exchange. The bankrupt crypto exchange FTX is making progress towards its revival under the leadership of new CEO John Ray III. According to…
Hong Kong’s securities watchdog introduces new plans to let regular investors access virtual assets platform. Hong Kong‘s Securities and Futures Commission (SFC) to Permit Licensed Platforms for Retail Investors On May 23, the SFC made an announcement stating that operators of virtual asset trading platforms can apply for a license if they are willing to…
On Tuesday, the International Organization of Securities Commissions (IOSCO) invited the public to provide feedback on its policy recommendations for crypto and digital asset markets. The 18 policy recommendations address various concerns related to crypto, including market abuse, conflict of interest, protection of client assets, disclosures, and risks associated with cryptocurrencies. In the previous year,…
Developers have assured that all funds are secure, and they are currently working on a governance proposal to fix the problematic strategy. Certain users of Aave version 2 (V2) are currently facing a temporary issue where they cannot access their funds on the Polygon blockchain. This problem arose when a flawed bug was introduced in…
The upcoming Ethereum-based blockchain will utilize ecosystem tokens called Shiba Inu, Leash, and Bone for transactions. Shibarium network’s test network called Puppynet surpassed 10 million transactions earlier this week, indicating increased activity as it approaches the planned release on the mainnet later this year. Data from the blockchain explorer reveals that since its launch on…
OKX has submitted an application for a license as a Digital Asset Service Provider, joining many other companies that have already been approved. OKX, a cryptocurrency exchange, aims to make France its main center in Europe and intends to hire approximately 100 employees in the country over the next three years. They are seeking approval…
Bitcoin of America was told by the Department of Banking that they did not get the necessary license to run Bitcoin ATM machines in Connecticut. Bitcoin ATM provider Bitcoin of America agreed with the Connecticut Department of Banking to stop its operations because they didn’t have the right license. As a result, the prices of…
Coinbase Launches National Ad Campaign to Promote Crypto’s Role in Financial Innovation Coinbase recently announced its upcoming campaign called “Moving America Forward” in a blog post on May 22. The campaign will begin with a series of four advertisements featuring Coinbase CEO Brian Armstrong. These ads are scheduled to be shown primarily during popular Sunday…
Pro-XRP lawyer John Deaton has spotted evidence in a Ripple document suggesting that XRP was indeed discussed by SEC staff before the Hinman speech. Pro-XRP lawyer John Deaton believes that a little-known footnote in a Ripple document from last year could have an impact on the ongoing conflict between Ripple and the US securities regulator….
Bitcoin Price Edges Upwards, Eyeing Key Resistance Level for Potential Surge Bitcoin is gradually gaining momentum and surpassing the $27,000 mark. The price is currently trading above $27,000 and the 100-hourly Simple Moving Average. On the BTC/USD hourly chart (data feed from Kraken), there is an important bearish trend line taking shape, with a hurdle…
Economist Paul Krugman: No currency can replace the US dollar. He warns that if the US defaults and the dollar loses its role, financial markets will face disruption due to the absence of a secure and easily traded asset. Economist Paul Krugman, who received the Nobel Prize in Economics in 2008, recently discussed the potential…
US Treasury Secretary Janet Yellen warns of possible debt default by June 1, emphasizing it as a firm deadline. Goldman Sachs, a global investment bank, estimates a “real deadline” for potential US default around June 8-9. US Treasury Secretary Janet Yellen expressed her concerns again about the potential for a US default during an interview…
JPMorgan CEO Jamie Dimon urges investors to prepare for a significant matter in his recent statement. JPMorgan Chase & Co., the biggest bank in the United States based on assets, is led by CEO Jamie Dimon since 2006. In his recent statement, Dimon discussed the condition of the US economy and the difficulties encountered by…
According to an analyst from Ark Invest, the cryptocurrency ecosystem in the United States is lacking established and trustworthy institutions, creating a significant gap. Ark Invest analyst Yassine Elmandjra cautions that the United States is at risk of falling behind countries like the United Arab Emirates, Korea, Australia, and Switzerland in the cryptocurrency race. ▪️Regulatory…
Dubai developer announces plans for the world’s first Bitcoin Tower, a groundbreaking project highlighting the significance of digital assets and cryptocurrencies. The tower is set to debut at the upcoming COP28 meeting in Dubai on May 24. According to a report from EIN presswire on May 21, a new hotel chain inspired by Bitcoin is…
The creditors of the crypto miner have become more and more impatient with the company’s attempts to create a plan to restructure its finances. During a court hearing on Monday, the federal judge in charge of Core Scientific’s bankruptcy case suggested that the company should shorten its restructuring timeline by at least one month. Creditors…
Strike, the Bitcoin payments app, now supports Tether’s USDT stablecoin, enabling users to easily buy, sell, and transact with USDT within the app. The popular global money app, Strike, has added Tether (USDT) to its platform. Strike is known for its fast and secure payment solutions and has now integrated USDT, a digital currency, to…
The White House provided information about a meeting between US President Joe Biden and Republican Kevin McCarthy regarding the debt ceiling agreement. The White House announced the scheduled meeting between US President Joe Biden and Republican Kevin McCarthy to resume discussions on the debt ceiling. These talks will determine whether the US government will potentially…
US Federal Reserve officials prefer raising interest rates to more than 6% in order to control inflation, even amid the US debt ceiling crisis. US Federal Reserve officials, including Neel Kashkari and James Bullard, are discussing the possibility of further interest rate increases despite the serious debt ceiling crisis. This debt ceiling deal is expected…
Carnegie Mellon University in the United States has been granted $20 million in federal funding to establish an AI institute focused on shaping public policy. US University Receives $20M Federal Funding for New AI Institute. Carnegie Mellon University in Pittsburgh, Pennsylvania, has been granted funding for its new AI Institute for Societal Decision Making, as…
Sort, a startup that enables developers to integrate smart contracts into Web3 applications, raised $3.5 million in a funding round. The seed funding was co-led by venture capital firm Lemniscap and The General Partnership. The startup plans to utilize the funding to grow its team, enhance its product suite, and accelerate the release of “Sort…
The Treasury’s efforts to replenish cash reserves following the resolution of the debt limit issue could result in a decrease in available dollars, potentially causing a decline in Bitcoin value. As negotiations to increase the U.S. government’s $31.4 trillion debt limit remain unresolved, some analysts are expressing a different opinion. They caution that if a…
A U.S. court in charge of bankruptcy ordered the estate to send a letter stating that a disclosure made on May 13 was not authorized. They were also instructed not to ask for support for the restructuring plan. Bankrupt crypto lender BlockFi has retracted statements about a plan to close down, which were published on…
BitMEX has launched a special app called BitMEX Hong Kong specifically for users in Hong Kong who follow the Virtual Asset Service Provider (VASP) regulations. BitMEX has officially introduced BitMEX Hong Kong, a specialized service designed to comply with the upcoming regulations for Virtual Asset Service Providers (VASP) in Hong Kong. This new service will…
SUI Price Prediction 2023: Bullish estimate – $1.15 to $1.35. SUI may reach $3 in the near future. Bearish estimate – $0.91. In this SUI price prediction for 2023, we will analyze the price patterns of SUI using technical analysis indicators that are helpful for traders. We will also predict how the cryptocurrency may perform…
Over the past month, the overall crypto markets have been declining, with a significant drop in the first week of May. During this time, the price of bitcoin (BTC) started decreasing from its recent high of around $30,000 at the end of April. On May 12, the price of bitcoin experienced a significant drop, reaching…
EU orders Meta to pay €1.2 billion fine and stop transferring data, according to Irish Data Protection Commission. Social media giant Meta has been fined a record-breaking €1.2 billion ($1.3 billion) by the Data Protection Commission of Ireland. They are also required to stop transferring data collected from European Facebook users to the United States….
Mikhail Matveev, a member of Lockbit, Babuk, and Hive groups, used different aliases while communicating online, as per the DOJ. US prosecutors have accused a Russian individual of participating in multiple ransomware schemes, resulting in approximately $200 million in proceeds, primarily in cryptocurrency. These attacks targeted various institutions, including hospitals, schools, and even police stations….
Gemini intends to submit a new request to the court to reclaim $1.1 billion worth of digital assets from Genesis, which is owned by DCG. Gemini, the cryptocurrency exchange facing difficulties, is thinking about using forbearance against Digital Currency Group (DCG). DCG failed to make a repayment of $630 million last week. When a lender…
The regulator of the country instructed CEO Leon Li to disable the website and mobile apps. Huobi Global has been instructed by the Securities Commission Malaysia (SC) to halt its operations in the country. This includes disabling its website and mobile applications. The reason for this action is that Huobi Global is operating a digital…
Shortly after the hack, the attacker surprisingly contacted the Tornado Cash community with a proposal to return governance control. The attacker, who caused panic among the community by taking control of Tornado Cash governance, is now suggesting reversing their hack. While some people doubt the attacker’s trustworthiness, it seems that the community has limited options…
Hotbit stated that centralized exchanges are becoming more complicated and emphasized that they are unlikely to align with long-term trends. Hotbit, a cryptocurrency exchange, announced that it will stop its operations starting from May 22. The exchange has requested its users to withdraw their funds before June 21, at 4:00 am UTC. In a statement,…
Mangrove, supported by Wintermute and Cumberland, plans to launch its programmable order book DEX on the mainnet in early June. Mangrove, a decentralized exchange (DEX), recently started operating on Polygon’s testnet. They introduced a programmable order book, as stated by the company on Monday. Mangrove, based in Paris, has secured approximately $10 million in funding….
Former Coinbase CTO, Balaji Srinivasan, Makes Bold Bitcoin Prediction, Grabs Headlines Again. Crypto Market Update: Balaji Srinivasan, a well-known investor and former CTO of Coinbase, is making headlines once again with his bold Bitcoin prediction. Previously, he gained attention by betting that the price of Bitcoin would reach $1 million within 90 days. However, he…
Ethereum’s price remains uncertain and shows a sideways trend within a narrow range. The market lacks a clear direction, making it challenging to predict future trends. However, on lower time frames, there are indications of an ascending triangle pattern forming. Traders can consider using this setup to identify potential entry opportunities in ETH. Key points:…
US President Joe Biden is focusing on crypto investors and stated that he will not support any deal that shields wealthy tax evaders and crypto traders. During the G7 summit, President Joe Biden mentioned that prior to his departure, he had discussions with all four congressional leaders. They reached a consensus that the only viable…
Crypto wallet MetaMask is facing criticism from the crypto community after revealing its new terms of service, which state that it has the ability to hold back consumer funds for tax payments. The new terms and conditions of crypto wallet MetaMask are causing confusion and surprise within the community. According to the new terms, if…
Binance, the biggest crypto exchange globally, experienced a significant 34% decrease in trading volume in the past 24 hours, dropping to $3.3 billion. The financial market is uncertain and waiting due to a delay in important discussions between U.S. President Joe Biden and House of Representatives Republicans, led by Kevin McCarthy. While the global crypto…
Chainlink and the Arbitrum Foundation will host a VRF workshop on May 22nd. The Chainlink VRF has successfully completed over 15.8 million request transactions. Arbitrum, a scaling solution for Ethereum, and Chainlink, a decentralized oracle network, have collaborated to introduce Chainlink Verifiable Random Function (VRF) on Arbitrum One. This allows developers to utilize one of…
Ramaswamy expressed his intention to turn the 2024 election into a vote on traditional currency. Vivek Ramaswamy has become the second US Presidential candidate to openly accept Bitcoin donations, worth $27,101, for the upcoming 2024 elections. Ramaswamy, while announcing his acceptance of Bitcoin donations, encouraged supporters to contribute as little as $1. This news followed…
Crypto entrepreneur Balaji Srinivasan cautioned on social media that authorities in the U.S. and other countries might attempt to force tech companies like Apple and Google to extract private keys from devices and apps they oversee. Srinivasan believes this could be done to transfer funds to governments in need of cash. Balaji Srinivasan fears :…
People who own an altcoin that was launched just yesterday intend to sue after the token’s value dropped significantly. There is news of a lawsuit being filed against the PSYOP altcoin, which was recently introduced by an anonymous Twitter user named ben.eth. It is claimed that the project is fake. The anonymous founder, ben.eth, posted…
By gaining complete control over Tornado Cash governance, the attacker exercises authority to withdraw all locked votes, deplete all tokens held in the governance contract, and render the router inoperable. In addition to the existing challenges faced by the decentralized crypto mixer Tornado Cash, an attacker successfully took over the governance system by submitting a…
In the world of cryptocurrencies, market analyst Crypto Tony continues to hold a negative stance on the MATIC/USD pair, expressing doubts about a possible reversal. Despite the price movement not providing convincing evidence, Tony remains confident in his prediction and stands firm in his beliefs. Crypto Tony remains steadfast in his bearish outlook for MATIC/USD,…
Traders are observing favorable conditions for a potential breakout in the Bitcoin price range. However, there are concerns among traders that a significant downward correction may be imminent. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView After Jerome Powell, the Chair of the Federal Reserve, shared new comments on policy and inflation expectations, there…
“Binance’s Partner, Latam Gateway, Receives License to Operate as Payment Institution in Brazil” According to reports from local media, Latam Gateway, the payment provider for Binance in Brazil, has received approval from the country’s central bank to operate as a payment institution and electronic money issuer on May 19. Binance has stated in a previous…